Exane BNP Paribas lowered shares of CEMEX (NYSE:CX – Get Rating) from an outperform rating to a neutral rating in a research report report published on Tuesday, The Fly reports.
CX has been the subject of several other reports. Berenberg Bank lowered shares of CEMEX from a buy rating to a hold rating in a report on Friday, June 10th. StockNews.com downgraded shares of CEMEX from a strong-buy rating to a buy rating in a research report on Wednesday, August 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $7.42.
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CEMEX Stock Performance
Shares of CX opened at $3.50 on Tuesday. The business has a 50-day simple moving average of $4.04 and a two-hundred day simple moving average of $4.28. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.70. CEMEX has a 52 week low of $3.22 and a 52 week high of $7.57. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 0.49 and a beta of 1.32.
Hedge Funds Weigh In On CEMEX
Several institutional investors have recently bought and sold shares of CX. Capstone Financial Advisors Inc. bought a new position in shares of CEMEX during the 2nd quarter valued at about $39,000. Atria Wealth Solutions Inc. purchased a new stake in shares of CEMEX in the second quarter worth about $40,000. Prism Advisors Inc. bought a new position in CEMEX during the second quarter valued at approximately $45,000. Thompson Davis & CO. Inc. purchased a new position in CEMEX during the 2nd quarter valued at approximately $50,000. Finally, Cetera Advisor Networks LLC bought a new stake in CEMEX in the 2nd quarter worth approximately $53,000. 29.19% of the stock is owned by hedge funds and other institutional investors.
About CEMEX
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CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials worldwide. The company also offers various complementary construction products, including asphalt products; concrete blocks; roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products, such as rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.
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